For some time now, Three has been campaigning to get hold of more spectrum, stating that EE and BT currently have a huge section of it thanks to their own acquisitions, and Three deems this unfair.
To allow them to catch up, Three plans to acquire UK Broadband Limited for £250 million.
You probably haven’t heard of UK Broadband before, however, there is a good reason as to why this acquisition is interesting, that’s because UK Broadband currently holds the only slice of the 3.4GHz band that is currently available.
UK broadband uses this spectrum to build their own 4G networks for private and public sectors, as well as 4G routers for consumers via a brand called Relish. They do this with their licence for 40MHz of spectrum in the 3.4GHz band, which they acquired some time ago, but was recently extended indefinitely.
Dave Dyson, Chief Executive of Three UK, said the following about the acquisition:
“UK Broadband gives us an opportunity to expand our ambition to provide high quality and great value internet connectivity for UK consumers.”
Despite company approval, Three will also require approval from the various regulators, however, they do expect the acquisition of UK Broadband to be completed in mid-2017.
If it goes ahead, it would give Three a decent head start in the 3.4GHz spectrum, which Ofcom will be auctioning off alongside the 2.3GHz band later this year.
We will update you as we hear more about Three’s acquisition of UK Broadband, and of that auction of the spectrums when it finally commences.
In the meantime, you can hit up the source link below to read more about the acquisition from Three.